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It looks like Costa Mesa second homes may have just become more affordable for many who have considered investing in one, but who couldn’t make the numbers work. The reason is technical, yet far from being one of those ‘inside baseball’ details. Its practical impact can be significant.

The news was published with little fanfare at the start of this month, buried as it was in Fannie Mae’s revised Selling Guide. That’s the document that mortgage lenders refer to when the semi-governmental agency’s backing is being sought for a new home loan. In Section B2-1-01, which outlines the requirements for Fannie-sponsored home loans for various occupancy types, there appears a lone footnote at the bottom of the page dealing with “Second Home Properties.” The

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     Costa Mesa’s week starts off with Monday’s federal income tax filing deadline—AKA, Tax Day. Costa Mesa’s Tax Day may not be the kind of annual observance that people look forward to—although for homeowners at least, it does serve as a glorious reminder of the value of the home loan interest deduction. Then, too, for Costa Mesa’s non-procrastinators, a second positive may already have been experienced with the early arrival of a U.S. Treasury refund check.

     Along those lines, last Friday the IRS put out a news flash noting that a third of taxpayers had yet to file their returns. Of the 153 million individual returns Uncle Sam expects to receive for tax year 2018, 50,000,000 had yet to be filed. That meant that for many Costa Mesa

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We are built on a philosophy of Heritage & Hustle L3 is a full service real estate agency with a regional office located in the heart of #CostaMesa, offering a wide-array of custom services to meet their clients’ needs with roots in the community since 1976. It’s L3 mission to provide trusted, convenient, responsive service to ensure clients enjoy their real estate experience. L3 was originally formed to offer personal, concierge-level service as an alternative to the large, nationally based real estate companies. From its small beginnings of only two employees, L3 has grown to a full staff of 20 serving over 300 clients a year. L3 is not limited to serving just its clients; it is also committed to serving the community. Not only has L3 donated

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April 6th 2019 8AM- NOON

19th Annual Mesa North Neighborhood Garage Sale

-All homes North of Baker and East of Fairview are encouraged to join!-

Click to Find the Best Deals!

  

We are built on a philosophy of Heritage & Hustle L3 is a full service real estate agency with a regional office located in the heart of #CostaMesa, offering a wide-array of custom services to meet their clients’ needs with roots in the community since 1976. It’s L3 mission to provide trusted, convenient, responsive service to ensure clients enjoy their real estate experience. L3 was originally formed to offer personal, concierge-level service as an alternative to the large, nationally based real estate companies. From its small beginnings of only two

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Open House's

We are built on a philosophy of Heritage & Hustle L3 is a full service real estate agency with a regional office located in the heart of #CostaMesa, offering a wide-array of custom services to meet their clients’ needs with roots in the community since 1976. It’s L3 mission to provide trusted, convenient, responsive service to ensure clients enjoy their real estate experience. L3 was originally formed to offer personal, concierge-level service as an alternative to the large, nationally based real estate companies. From its small beginnings of only two employees, L3 has grown to a full staff of 20 serving over 300 clients a year. L3 is not limited to serving just its clients; it is also committed to serving the community. Not only has L3 donated

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You can’t blame Costa Mesa residents who’ve been bamboozled in the past for having grown cautious as April 1 approached. They braced themselves for this Monday, knowing that the practical jokers will have been hard at work concocting 2019’s April Fools Day tricks. There would be spoof ads, fake headlines, and who-knows-what else? to watch out for.

That’s why you could hardly fault those who instantly dismissed last Friday’s banner headline in the Wall Street Journal. It might be unfair to print an April Fools prank ahead of time—but pranksters have done that before.

And the article certainly bore all the earmarks: an almost believable premise (slightly understated to build credulity) followed by the requisite goofy supporting specifics. Maybe it

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For those who’ve been waiting to list their Costa Mesa home until this year’s spring selling season, the waiting is over. Not only is spring busting out all over, but there is a claim that we are fast approaching the absolute best moment to list a home!

The desire to list your house at the best possible time is a logical enough ambition, but one that runs into a practical snag. The “best” time would be the moment when the most motivated buyers happen to be actively looking for a home like yours. But for any given property, there’s no practical way to identify whether it already passed before you listed or will happen after you’ve sold. Since springtime’s peak real estate season usually brings out the greatest number of buyers, that makes it

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